• SP 500 Market Analysis 10-29-15

    Today’s Trading Plan: Unfettered Bullishness

    Technical Outlook: Following the FOMC statement yesterday, in which they did not raise rates, SPX managed to rally over 1.1% to close at 2090 and at new rally highs.  Market now setup for a possible test of all-time highs, when less then a month ago it was trading at 1871. Kind of insane really.  Despite

    By |Published On: October 29, 2015|2 min read|
  • SP 500 Market Analysis 10-27-15

    Today’s Trading Plan: Under Key Resistance

    Technical Outlook: SPX 2079-80 offering some resistance with price consolidating just underneath.  Support for now appears to remain solid above the 200-day moving average.  Opening/Closing prices of the past two trading sessions continue to remain tightly bound to each other.  Volume was extremely light on SPY yesterday, and well under half of what we

    By |Published On: October 27, 2015|2 min read|
  • SP 500 Market Analysis 10-26-15

    Today’s Trading Plan: Keeping It Going

    Technical Outlook: Huge rally again for a second day in a row, sending SPX up 56 points over that two-day stretch.  Friday’s rally saw SPX get back into positive territory for the year.  The 200-day moving average of SPX has now been broken.  The rally was far from anything being broad-based. In fact the advancers

    By |Published On: October 26, 2015|2 min read|
  • SP 500 Market Analysis 10-23-15

    Today’s Trading Plan: Rally Monkey On

    Technical Outlook: Huge move yesterday after SPX broke above key resistance and back trading range from February through March.  Today's gap up will put the market back into positive trading territory for the first time since 8/20/15.  2080 - a support/resistance level that has been tested multiple times in the past and proved itself to

    By |Published On: October 23, 2015|2 min read|
  • SP 500 Market Analysis 10-22-15

    Today’s Trading Plan: Testing the 10-Day MA

    Technical Outlook: Choppy trading session yesterday that saw price action crumble in the final hour of trading.  Price action on SPX is once again testing the 10-day moving average. This was tested twice last week and resulted in a strong bounce.  SPX continues to struggle with downward resistance off of the July highs at 2039.

    By |Published On: October 22, 2015|2 min read|
  • SP 500 Market Analysis 10-21-15

    Today’s Trading Plan: Price Action Remains Poised

    Technical Outlook: Quiet day of trading yesterday as SPX consolidated for a second straight day.  Slight uptick in volume from the day prior but once again extremely low overall.  SPY just a shade below major resistance at $204.11, which represents the underside of the February through August trading range of this year.  SPX testing

    By |Published On: October 21, 2015|2 min read|
  • SP 500 Market Analysis 10-20-15

    Today’s Trading Plan: Measured Moves

    Technical Outlook: Despite weakness early, dip buyers came in and rallied the market back to break even with a last minute spike in the trading session to put the market in positive territory.  Essentially there are three resistance levels to watch: 1) Lower channel, range resistance at 2040 as shown below, 2) Declining resistance off

    By |Published On: October 20, 2015|1 min read|
  • SP 500 Market Analysis 10-19-15

    Today’s Trading Plan: Rally Strong

    Technical Outlook: Strong follow through on Friday that put the SPX at new rally highs and setting up for a test of key resistance beginning at 2040.  This represents the bottom end of the range that SPX had been stuck in going back to March through August of this year.  On the weekly SPX chart,

    By |Published On: October 19, 2015|2 min read|
  • SP 500 Market Analysis 10-15-15

    Today’s Trading Plan: Sought After Follow-Through

    Technical Outlook: SPX managed to breakout above Tuesday’s intraday highs, and more importantly managed to close above 2020 again after a two-day pullback that threatened to rollover the market.  Volume rose for the third straight day and almost was at recent average levels.  SPX now poised to challenge the 200-day moving average in the

    By |Published On: October 16, 2015|2 min read|
  • SP 500 Market Analysis 10-15-15

    Today’s Trading Plan: Back to the Breakout Level

    Technical Outlook: Yesterday marked the second day of selling for SPX, pulling back to the 50 day moving average which it managed to test and hold.  SPX pulled back to the breakout level of the double bottom yesterday.  In order to jump-start the next leg up for the market, SPX is going to need to

    By |Published On: October 15, 2015|2 min read|